NPS offers wide range of benefits to individuals, making it a unique investment opportunity. Some of the salient features of NPS are
Portable Account – the NPS account (PRAN) remains the same irrespective of change of employment or geography.
Online platform – On joining NPS, each Subscriber gets log in ID and Password of NSDL system for accessing NPS details online.
It offers choice of Service Providers, Funds, Investment Options, Pension Fund Manages, Annuity Service Provides and Annuity Plans to Subscribers
It offers Subscribers freedom to switch the Service Provider, Fund, Investment Option and Pension Fund Manager
Flexible contribution mechanism – Amount and frequency of contribution can be changed as per the Subscriber requirement
Prudently regulated - NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust
Efficient grievance management through CRA / PFRDA Website, Call Center, Email or Postal Mail
Transparent investment norms – Investment Portfolio under each asset class can be viewed on respective Pension Fund Manager’s website.
Extremely Low Cost of operations – with 0.01% as Fund Management Charge, NPS is one of the World’s least cost investment options